Gigaverse Unveils GIGABIT Currency to Stabilize In-Game Economy

Gigaverse, an onchain role-playing game, has introduced its GIGABIT currency as part of its 1.0 update. The token is designed to stabilize the in-game economy, providing a predictable environment for transactions and rewarding players with a portion of the cash-out fees.

The fixed exchange rate of GIGABIT to USDC ensures stability, with $100 worth of tokens costing $1, while cashing out returns $0.80. This structure splits the remaining $0.20 between player rewards ($0.15) and the game's developer ($0.05).

GIGABIT is intended to simplify token mechanics, eliminating the need for complex tokenomics or maximum supply limits. By focusing on in-game engagement rather than speculative investment, developers aim to make the currency more accessible to both traditional gamers and experienced blockchain users.